Q: Tony, a big weekend in that you are showing the colors of General Electric, which is a major sponsor on the car, and also Caterham as well. Tell us what sort of effect that is going to have on the team having that support.Tony Fernandes: Well, it is always useful to have a little bit of money. General Electric has been more than just on the sponsorship side obviously. They will do a lot on the technology side, so it has been a welcome addition to the team. Also, with Caterham, one of the principal reasons GE got involved was because of the car side and the production side in terms of electric cars and some of the things we are doing on the Caterham cars. It has been a fantastic symbiotic relationship we have put together. A big day for us.

Q: Where do you believe this will this lead in future, in terms of looking towards next year?TF: What do you mean?

Q: Well can this bring you into, certainly, the midfield?TF: Well, this year was always about trying to stay 10th and become a column one team. We are inching away slowly. I think by now we have all the facilities that we require. It's the first time that we have got a full CFD cluster. We have got now a fantastic facility with Williams, our second wind tunnel. So, by September, we will really be able to utilize much more wind tunnel time than we have ever had. We are in a position now to really start developing next year's car from as much of a level playing field with other teams than we have ever had. We will have to see, but it is our best shot. We always said two years, try and be 10th and then build from that.

Q: And of course you are both going to be running the same engine in the future, with Williams also having the Renault engine.TF: Yep, the three of us here. Could be four if Martin's changing.

Q: The Williams tie-up. Is that a year or so? How long is it for or is it quite a long-term arrangement?TF: It is for two years but we hope to use it for a long time. I learnt a lot from Frank and hopefully we can continue that relationship for a long, long time.

Q: John, similarly, you have recently announced a tie-up with McLaren. Just give us the details of that?John Booth: Yes, obviously very excited to have a technical partnership with McLaren. It is a wonderful opportunity to tap into years and years of experience and knowledge and give us a real leg up as we look to develop our 2012 car.

Q: How many people can you envisage actually working from McLaren, working with your team?JB: I don't think that is very clear at the moment. The deal was only finalized seven days ago. Although it is in operation as of now, I think it is an ongoing process working towards next year's car.

Q: And you have also bought the Formula One business of WRT. What was the thinking behind that?JB: Well, Marussia became a stakeholder in Virgin Racing six months ago. They have led an overview of the team over those six months and we needed to take decisive steps to move forward. It was evident from the start of this year we weren't moving forward as quickly as we wanted to. In fact, arguably not at all performance wise, so we had to take steps to ensure the future of the team and put us on a positive footing. That's the result. We need to take control of our own destiny and we now have our own design team working on the car for next year.

Q: I have seen the classified ads in Autosport this week. It is a double page of recruitment almost, but how quickly can you put it together?JB: The base of the team is together. We are carrying people forward with us from our existing program. We have some fantastic people that have been with us from day one and we are carrying the majority of those forward with us and we are just adding as we go along. The process is underway for next year. Design has started, it's a good way down the line. It is just a matter of adding and building to that design team now.

Q: Christian, today very mixed weather conditions. How much did you learn, particularly about the diffuser effect or lack of off-throttle diffuser effect?Christian Horner: In reality very little with the way the weather has been. It's been a typically English summer's day where we seem to have three seasons in one day. We have run on the inters. We nearly got to the slicks, didn't quite and then it seems that every other category has had a run on the dry tires apart from Formula One. But we have learnt a bit about the pit-lane, tried out the new garage. Turned up and thought we were in John's garage, not ours. It has been a restrictive day in terms of what we managed to learn on track.

Q: Are you happy being that end of the pit-lane?CH: I was quite surprised, as I thought we were going to be up this end of the pit-lane. There is some nice grass up here and so on, but all the garages are the same size at the end of the day. But we are down the other end, which probably isn't great for the spectators as they are not going to see many Red Bull or McLaren pit-stops this weekend, but there you go.

Q: But you could be in the position that you are in the pits and a column of cars come past you as happened in the GT race and there is nothing you can do?CH: I don't know about that. We will have to see. It's a short pit-lane here, which adds another element to the race. Obviously the entry is a bit tight, so that is going to be interesting for the drivers. It's a very fast run-in to the pit-lane, and obviously if it is wet on the way out we have seen a few cars down at our end of the pit-lane having a few moments on the way out. But I am sure it will be fine. But you have to say, other than being the wrong end of the pit-lane it is a great facility.

Q: Fernando Alonso has been quoted as saying he is going to wait for Sebastian Vettel to make mistakes, which will give him a chance in the championship.CH: I think at the end of the day we are focused on our own performance. Sebastian has had an unbelievable first half of the year. In reality, I think he is 14 points off the maximum score, so he has not made too many mistakes so far. He has driven impeccably well and deserves to be in that position.

Q: So it could be a long wait?CH: You know it's a long season. We are not quite at the half-way stage. Eleven races to go. As we all know, with 25 points for a win now, leads can quickly diminish but it's obviously a very useful lead. We hope we can be competitive in the upcoming races.

Q: Martin, to go back to that pit-lane choice. How does that pan out? Who decides which end you are going to be?Martin Whitmarsh: I am not sure who decides that. I think it is a shame, as Christian mentioned, that we are slightly subterranean where we are. I don't think it materially really affects us but clearly those in the grandstand cannot see pit-stops, which is a bit of a shame. But I have got to say that we can all turn up with opinions, but it is an incredible facility and I am sure a lot of people have put a massive amount of effort to be ready here this weekend, so for us to turn up and be critical I think would be the wrong thing to do. We have got to congratulate the BRDC and Silverstone for a fantastic set of facilities.

Q: Just going back also to the diffuser effect. How much did you learn today?MW: Well we learnt half-way through the session that Christian hadn't lost as much as we expected as obviously the rules are slightly fluid and appear to change by the hour at the moment, so we are still learning is the answer.

Q: Is that what the conversation with Stefano (Domenicali) was about?MW: Yeah, I think, again, it is not a criticism of Red Bull. They have got to try to get the best they can out of the situation. I think we were all a little bit surprised when it appeared from whatever we'd been told that the regulations changed half-way through P1 and I am sure that put many teams this weekend a little bit on the back foot, so we are trying to cope with that at the moment.

Q: Can you explain in what way they have changed?MW: Well, I think the expectation is that when you are off the throttle the engine throttles would be closed but there has been a negotiation and as I understand Renault's throttles are 50 per cent open under braking and I think that is probably not what most of us expected coming into this event. That's been a little bit of a revelation that we gathered during the course of the sessions today and we are trying to understand what we have to do.

Q: Like your own lobbying?MW: Well, like our own lobbying, I am just trying to understand. Again in fairness to Red Bull, their view is as I understand, but Christian can answer better than I can that this is a reliability issue and they need to blow air through their engines for reliability purposes. I am not familiar with that particular precedent, presumable Charlie (Whiting) is.

Q: Christian, can we just get an answer on this?CH: I mean Martin's interpretation is interesting. My understanding is that Mercedes are firing on over-run. There has been a series of technical directives that have happened since Valencia and the latest technical directive is quite clear in that engines that have been run in previous configurations the FIA would take into account on an equitable basis. Mercedes argued that they're over-running that they currently do was permitted, which was granted I believe on certain handling characteristics that if offered on a historical basis, and Renault is no different to that. Renault is in a situation as an engine supplier, not just to Red Bull but to two other teams as well, where again precedents have been set in 2009 and 2010. That data has been openly available to the FIA and the primary purpose of opening the throttle and, for want of a better word, cold-blowing as it has become known has been because of two purposes. The primary purpose being the blip on the down-shift and the second being a reliability issue. I think there was an expectation that coming here obviously a lot of focus has been placed on Red Bull. Do Red Bull have a silver bullet in their car? We don't but at the same time we expect the FIA to regulate in a fair and proper manner and that's exactly what they have done in this case. They are the only ones with all the facts. They are the only ones with the data. They have looked at it. They have listened to Mercedes case and allowed Mercedes certain parameters. They have looked at Renault's case and they have allowed Renault certain parameters based on an historical content, if you like, on what is a very, very complex subject that perhaps would have been better dealt with at the end of the season when the exhausts move to a completely different location which will remove an awful lot of the emotion that seems to surround this topic. I think the FIA have responded in a right and correct and equitable manner as all the engines aren't the same. They operate in different ways. They have different control codes. They are the only ones that are privy to all that information.

Q: Frank, I am sure you are very excited with the tie-up with Renault and the return of Renault to Williams for next year.Frank Williams: More concerned in a way than excited, as I think they might be disappointed they are not going to get back what they last knew 10 years ago. We are not quite as top a team as we were then but having that said it's a wonderful opportunity for us to regain our momentum.

Q: Is that what it needed? Did it need the presence of an established engine builder, for example, if you wanted to put it that way, you have had a lot of data over the last many years?FW: Well, it is different to a company like Cosworth, who sell engines. That's their job. They are very good engines by the way. With ours we have never had a failure. But when you are allied with a manufacturer they have a certain number of facilities available to a team such as ours that we can't afford for ourselves. Some of those little facilities make a big difference. A tenth here and a tenth there and that's what we hope will happen.

Q: In fact, you are allied with a lot of manufacturers as there is Porsche as well, Jaguar and also Team Lotus on the racing side. Is that just part of Williams Grand Prix Engineering?FW: That's just commercial matters in other parts of the company.

Q: Is that an exciting and hugely beneficial thing for Williams?FW: It is a lot of hard work for a small gain but we need the gain and any Team Principal would tell you he'd give anything to find a couple of tenths of a second between now and the end of lunchtime.

Q: And thoughts on the drivers for next year? Rubens (Barrichello) says he wants to stay with the team for next year.FW: Well, I can't say anything about our drivers until we have made up our own minds. Rubens is very highly regarded and is truly a treasure trove of information and experience and that's something that will not be thrown away lightly.

Q: Has he done all you expected of him this season?FW: Yes, I think he has. I think if we had given him a better car he would have been very close to the front, if not at the front. He is a superb driver.

PRESS CONFERENCE

Q: (Mike Doodson - Honorary) This question is for Christian and Martin as you have different engine suppliers. There are some mischievous scare stories in circulation about the noise the new engines will or will not make in 2014. What do you hear from your engine suppliers about this? Are the engines likely to be so anemic as we hear that the fans will be repelled?CH: Martin.MW: No, I don't think they will. I think clearly there has been a lot of discussion about the future of engines and I think it is healthy now for Formula One to point forward to 2014 having all parties agreed to the new regulations. I think there was some care, clearly, the increase the number of cylinders, to increase the RPM, to stipulate a single turbo and all of those measures were about enhancing the sound. Everyone is aware and we have made sure that the engineers that are developing these regulations are aware that the very visceral engine notes are very important to Formula One. They are important to us. We all still love the sound of Formula One engines. They still send tingles down most of our spines. I think we will continue to work hard with the engineers and manufacturers to make sure that we have got great sounding engines in 2014.CH: I agree with everything that Martin said. I think Formula One actually ended up making the right decision. The V6 is a far better engine to install into a Formula One car. It should sound good. I think there was some concern about the straightforward engine but I think all the engine manufactures have got together and agreed on this with the Commercial Rights Holder and then passed it through the various channels to get it approved. I think it is the right move and hopefully they will sound great.

Q: (Mc Greevey - CSMA Magazine) If I can direct this question at Sir Frank and Christian. What are the major challenges facing F1 in the future?FW: The demise, which will certainly take place, of Mr. (Bernie) Ecclestone, that's my opinion.CH: I think that will be a huge challenge but hopefully that will be in another 80 years at the rate Bernie is currently going. I think Formula One is in good health at the moment. I think the racing has been fantastic this year. I think the best advertisement has been the racing itself, despite the fact that we have had a driver that has been dominant every single grand prix so far this year, has been pretty exciting. I think the regulation changes that have been introduced this season have proved successful but inevitably there will be challenges ahead but I think it is a bright future at the moment. I don't think there is anything that any of us should be fearful of.(Inaudible follow-up)CH: Whenever you change technology it costs money, so I think stability is crucial and stability of technical regulations is crucial. One of our biggest cost drivers are technical regulations so moving forward, working with the various stakeholders in Formula One, we need to ensure that we continue to keep costs under control.

Q: (Marc Surer - Sky TV) I have a question for Martin: you tried the new wing on Lewis's car this morning and on both cars this afternoon. Did you get the correct data in the conditions today to decide which one you're going to use?MW: Inevitably in these conditions the data gets a little bit compromised. You're not going as quickly as you'd like. Various pressure tappings that you put on the wings and around the wing don't function if it's too wet but we got reasonable data and the engineers are going through that. I think we've got enough information; whether it's a quick enough wing, that's another story but I think it's doing what we thought it would.

Q: (Andrea Cremonesi – La Gazzetta dello Sport) Question for Martin as president of FOTA; today we lost a lot of action on the track because there are just eight sets of wet tires. Are you discussing with the FIA to change the rules, to have more sets of wet tires?MW: In fact this weekend we had already spoken to Pirelli and the FIA about our concerns about such a weekend. We've got an extra set of intermediate tires here this weekend that have to be given back. Had that rule change and the tires not been available, then I think we would all agree that there would be very little running. So we've made one step better. I think the engineers and the drivers would always like as many tires as possible and we'll keep pressing to have more tires available but it has in fact improved this weekend, otherwise I think we would have had a very quiet couple of sessions.

Q: (Ya'acov Zalel – Hege) In the past there was a strong link between technology of racing cars and road cars. In today's cars, there is very little influence or technology from Formula One into road cars. Do you think it's a problem, or the current situation is OK?MW: We've just been talking about the new engine regulations. I think that if you look into the automotive field at the moment - increasingly downsized engines, turbocharged engines, hybrid, kinetic energy recovery - those are all very relevant areas and that's one of the drivers behind the rule changes that we're now implementing. I think that it's important that there is some transfer, some linkage, some relevance to what we're doing. Formula One is increasingly about efficiency, fuel efficiency, use of resources and I think that – perhaps belatedly – we're putting quite a lot of effort there now. I think we ought to be hoping, in the coming years, that we will become more attractive to the automotive companies and more come in. I think the automotive industry has gone through an unprecedented recession, it's been tough. It's been tough in Formula One. We've survived. As Christian said, we've had some great races and we've been trying to improve our show, improve our governance, work together more effectively and I think that some of the rule changes that are being implemented now increase the relevance to the automotive sector. There was a problem in that not too many road cars were revving at 18/19,000rpm, unfortunately, and that's why we've had to come down a little, but it's a balance because at the end of the day we're a show, we're a sport, we're a spectacle, we're a technical contest. There's a degree of purity that's necessary in Formula One that those of us who have been engineers in the sport have enjoyed and indulged ourselves in for many years but we've got to have that balance. We can have our fun but it's actually got to be seen as relevant fun.FW: I think Martin has explained the real situation. I think manufacturers do have a place but Formula One will carry on without them. Their value to us, of course, is the supply of engines; they supply the engines for what they can learn from the use of those engines under very high stress conditions. I think our particular formula works quite well and the chain of events that one party depends on the other but whether manufacturers are dominant within the sport or not... teams like us will always fight them anyway so whatever is the status quo, we're happy to go along with it.CH: I think Formula One foremost and utmost needs to produce good races, needs to produce a good show. It needs to be a technological challenge and it's finding that balance that people turn on the TV or come to the races because they want to see man and machine at the limit, wheel-to-wheel racing which is something that we've really embraced for the last couple of years. As far as the technology is concerned, I think it is interesting, there are some relevant areas to the automotive sector. In our own case, we've obviously started a partnership with Nissan Infiniti, looking at certain hybrid technologies as the technical regulations become clearer for 2014. Obviously for Renault there is relevance to their road car sector but I think beyond that has to be the quality of the racing. I think Formula One, to a degree, is also a form of escapism, that people are coming here to hear loud cars, fast cars and, as I say, the drivers and machinery on the ragged edge, on the limit and that's what makes Formula One the spectacle that it's been over the last fifty years.

Q: (Andy Benson – BBC Sport) Martin and Christian, the original ruling on the off-throttle blown diffusers was 10 per cent for everybody. Now Renault are being allowed 50 per cent throttle. Mercedes, I assume, aren't but they are being allowed some fuelling on the overrun so how can we be sure we're watching a level playing field, and is this the end of the matter this weekend?CH: I think, as you clearly say, first of all there was a technical directive which effectively turned it all off. That was obviously with reticence by the manufacturers and it has been very much a manufacture issue. Certain teams were then allowed to have fired overrun, to fuel their overrun, of which there are also, obviously, secondary benefits through the exhaust plumes and thrusts that that creates but that was permitted. Obviously Renault presented their position to the FIA, and let's not forget that this is an extraordinarily complex matter, to demonstrate that precedent is there that, for purposes of throttle blip and reliability, that cold air blowing open throttle was a necessary part of the operation of their engine, otherwise it would cause serious issues. It would be unfair to allow fire overrun and not allow the same parameters for another engine manufacturer. I think it's a very, very difficult job for the FIA to pick their way through this and I think all credit to them, they've looked to try and be as fair, balanced and equitable as they decreed that they would be through the technical directive, to come up with the solutions that they have. We're not totally happy with the solution that we have, that's for sure. I'm sure Martin isn't with his and I'm sure there are a lot of conspiracies in the paddock that these are the reasons why Red Bull is performing or McLaren is performing, or some cars aren't performing. That's just circumstantial at the end of the day. The fundamentals are that the engine manufacturers have been treated in a fair and equitable manner.MW: I'm sure people set out to do that. I think there have been about six technical directives on the subject so far and it's moved around and when the goalposts are moving partway through a practice session, then I think it makes it quite difficult. I think that with the benefit of hindsight, it would have been better to make changes at year end, which I think Christian would agree. I think that to do this and to do it in a fairly cloudy and ambiguous and changing way inevitably, in a competitive environment, every team feels that it's been hard done by. At the moment, I think potentially a lot of teams will end up making the argument to cold blow. Renault have been in that domain for some time, other teams haven't and don't have that experience but we're talking about a very substantial performance benefit here...CH: Why is it any more of a performance benefit than fired overrun? At the end of the day, Renault is allowed to fired overrun for reliability purposes. If you can operate your engine in the same way as the Renault, then you are welcome to do it. The secondary effect… I think it is wrong to suggest that there is a benefit beyond that.MW: No, but clearly if you've got, under braking, your throttles are open 50 per cent then it's a reasonable benefit. There's a lot of gas going through and I imagine that all engines will end up doing that, which I think isn't what was envisaged when it was said we're going to stop engine blowing.CH: Where is the difference between firing on overrun and creating… so Mercedes engines aren't firing on overrun?MW: They've been constrained. As you know…CH: As have Renault.MW: …so I think, providing the constraints are the same for everyone, but I think that it is clearly, the fact that we are having this discussion, it's messy and I think the intention people believed was that we were going to stop exhaust blowing when the driver didn't have his foot on the throttle. I think that was the simple concept but that concept has been deflected and therefore it hasn't been clear and the fact that these things were only coming out during the course of today is fairly extraordinary. But nonetheless, I'm sure we will remain calm and pick our way through, but I think it's probably better to make changes to the regulations between seasons, not in-season and also make changes to regulations that are clear and unambiguous. I think, at the moment, a lot of people are clearly getting emotional about the situation and I can understand why: it's frustrating for the engineers not to know what it is that we're allowed to do, because these changes… by cold blowing you're getting 30, 40 points of extra rear downforce in braking and that's quite an attractive thing, so if you can do it, then you're going to try to do it, aren't you?CH: But you also get that from… Let's not make any mistake here, that firing on overrun, the thrust that that generates through the exhaust creates a bigger effect, so let's just be absolutely clear on that.MW: And that's why it's been largely contained, and a lot of those strategies, as you know, are not permissible now. At least, it wasn't when I came in here. Maybe it's emerged as I've been sat here that maybe we can do it. Maybe you know more about it than I do, Christian.CH: I don't know. I read the technical directive that said four-cylinder fired overrun was permissible for certain competitors and that, I think, includes your engine. As far as we understood, before Renault were allowed their parameters, obviously there was a significant advantage going to any Mercedes-powered team. As you can see, it's a massively complex subject. I think the one thing that Martin and I will agree on is that it should have been addressed at the end of the year, but unfortunately, here we are.TF: I've been focusing on these two in front of me. Could I just say something on that, as someone who is very new to the sport, in that I think it's a little bit of a shambles that we're having these kind of discussions, I think you don't have that in many other sports. The rules should be very clear, everyone should understand them and they should be pretty black and white. It costs the sport a lot of money. I think that one of the dangers of the sport is changing the interpretations, it's really got to be black and white and I think it can be. If you look at GP2, it's very clear. I run a GP2 team, we don't have these kind of situations. Of course Formula One is technologically advanced and you need all that sort of thing but I think the regulators of the sport need to make things clear so we don't have this 10 per cent blowing, 50 per cent blowing, hot, cold, in between etc, and teams and engineers have clarity. Even over the last few months we've heard of all the controversy in football but the rules in football are clear, it's black and white, it's easy for the spectators to understand and I think that's a really big challenge for the sport because a man in the stand – I don't understand anything that these two have just said, God knows about all the spectators over there, so that's just something I wanted to add, as someone relatively new to the sport. I think it needs to be simpler, and I don't think it makes a huge amount of difference to the people who are watching it.

Q: (Heikki Kulta - Turun Sanomat) Tony, have you been thinking of who will drive your cars next year and if you have, when are we able to hear of your decision?TF: No, we haven't, it's still very early days. It depends whether we have hot, cold, how our drivers react to it, but I echo what Frank said, it's early days for us to decide where the drivers are next year.

Q: (Nick Westby – Yorkshire Post) Martin, the link-up to Virgin Racing, what benefits does that bring to McLaren?MW: (Laughter) I think you're aware that McLaren is a group of companies now and we have an electronics business which, I'm glad to say, all of the teams in Formula One are customers, as are all the teams in IRL, as now are all the teams in NASCAR. We have a company called McLaren Applied Technologies which is working with some teams to help them and develop them, and I think it's early days. As John said, they've now acquired some assets and some people and our business McLaren Applied Technology will try and accelerate them up a learning curve to make sure that they've got a competitive car next year. Exactly how we do that is something that's got to be resolved, it's fairly fluid as we look at what resources, what capability, what knowledge that they have and obviously we've got a range of experience and facilities within our group that we hope will bring benefit to Virgin.

Q: (Andrew Frankl – Forza) Frank, do you miss Max Mosley, especially at times like this?FW: Sorry, my hearing is damaged after 30 or 40 years. Life goes on. Max – I happened to see him yesterday, actually, he came by at the office, clever as ever, sharp as ever, a little more genial at last. Retirement, in a way, is doing him some good. I think he was an outstanding administrator and leader of the FIA – I didn't say Formula One, I said the FIA.

Q: (Niki Takeda – Formula PA) Tony, following on what you have said, you mentioned that the rules have to be black and white so how do you propose in your opinion to remove all the different shades of grey in this sport?TF: I'm the last person (to ask) because I don't understand half of them, but I think there are enough smart people in this business to make the sport easier to understand the rules and I have proposed it at the last FOTA meeting and I think there are some suggestions being put forward at the TRWG in terms of the terms of reference. I'm coming in as someone who is an outsider and saying how I look at it and making some suggestions. I think there are lots of smart people in there who can make it an easier and more black and white sport and I think that's what I put forward to FOTA last week because I think it is… This blown diffuser, I think it should be at the end of the season. I've always said that. If you're going to make a rule change like that, where teams have invested, it should be at the end of the season and now you're getting things being changed in practice sessions. I think this kind of greyness needs to be taken out. It has, in many other motor sports, where it is black and white, and I think it would be good for Formula One. I don't know how to do it but there are enough people in there who do know and I think there should be less energy spent on so much of the rules and the engineering ways of getting around the rules and they should just be black and white, so you know this is what you can do as opposed to… we spend so much time trying to find ways to circumvent the rules. It should be very clear, and I think it can be done, because it is done in 99 per cent of other sports.JB: The other point to make there is that I think it's much better to address these problems in private, so that we don't add too much confusion for the spectators. A bit of in-house housekeeping before it goes public would be helpful, I think.

Q: (Byron Young – The Daily Mirror) Putting aside the technological gobbledy-gook that most of us didn't understand just now, am I right in thinking that what you're saying basically Martin, is that you believe that Renault-powered cars have a technical advantage – Red Bull have a technical advantage – and Christian is saying No, they don't?MW: I don't know whether they've got a technical advantage or not. All I'm saying is that we've evolved into quite a complex set of guidelines as to what's permissible. We've done everything against what Tony's suggested i.e. what was not exactly black and white but what was reasonably clear and what was being exploited has become a whole heck of a lot greyer and subject to negotiation which probably wasn't appropriate and I think that again, everyone here agrees, having clear rules that aren't unambiguous and are changed after good consent and between seasons is the right thing to do.CH: I agree with Martin. I think that at the end of the day, we don't want to be disadvantaged. We think it's unfair to have been excessively penalised through a technical directive that was released just after Valencia, that has been addressed in an equitable manner and I think that inevitably McLaren or Mercedes will think that they're losing out to Renault and Red Bull. Red Bull feels exactly the same, that the way that they operate their engine offers an advantage. It's something that we're just not going to agree on but I think that that's where the role of the regulator is, to balance this and on what is a very complex subject, they've done their best to do it. I think that as Charlie will probably admit, it would have been best to deal with this at the end of the year, because it is tantamount to a rule change and when you enter the championship at the beginning of the year and you design your car around it – and let's not forget that there's other teams that have significantly designed their cars around this set of regulations – for them to suddenly change halfway through the year is cost, it's time, it's effort, it's money and it's confusing. It's confusing to you, it's confusing to the fans and it's confusing to Formula One. So that's where we are. I think hopefully we can now draw a line under it and move on. It's probably not the last you're going to hear about blown exhausts or whatever else is blown these days but hopefully we can now move on.

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